4 Things I DON'T do with my money

@rachelcruze

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SoundTikTok sound · original sound - rachelcruze

Why it worked

The video likely resonated because it challenges common financial advice and presents unconventional, yet logical, personal finance strategies. The creator's direct and confident delivery, combined with relatable scenarios (like hiding purchases or excitement over refunds), encourages viewer engagement and discussion.

Summary

The creator shares four financial practices she doesn't follow: hiding purchases from her husband, using credit cards, keeping money in traditional savings accounts, and getting IRS refunds. She explains her alternative approaches, such as transparency in spending, using debit cards, opting for high-yield savings accounts, and preferring to owe money rather than receive a refund to maximize earning potential.

Structure

1Intro: 4 things I don't do with money
21. No hiding purchases
32. No credit cards, only debit
43. High-yield savings accounts instead of traditional
54. Prefers owing money over IRS refund
6Call to action: Share your 'weird' money habits

Call to action

comment below if you do something with money that people around you say, that's weird

On-screen text

4 Things I DON'T do with my money #1: I don't hide purchases from my husband #2: We don't use credit cards #3: I don't have a traditional savings account #4: I don't get an IRS refund

Original caption

What are some things you do with money that others would consider are weird or controversial? 👇🏻 #moneytok #finance #controversial #marriage

More from @rachelcruze

More breakout videos from this creator.

Transcript

4 Things I DON'T do with my money #1: I don't hide purchases from my husband. I know there's always jokes of like, hide the target bag and like don't look at the Amazon boxes, but for real, Winston and I know what we spend on purchases and things and I have a line item in our budget, he has a line item in our budget, and we are free to spend. And so there's no hiding. #2: We don't use credit cards. We have a debit card. That's it. I swipe it, pay for it, and I move on with my life. #3: I don't have a traditional savings account. So, I use high yield savings accounts. And so, this is really big because just because your emergency fund or maybe something you're saving for, you're not going to necessarily need that money right away, but for it to earn even up to 3% is great versus sitting in a traditional savings account. #4: I don't get an IRS refund. So, some people get that check in the mail and they're so excited about it. And I'm actually on the opposite end of the spectrum. I would rather owe a little than get a refund because that means my money has been sitting in Washington doing nothing when I could have used it to spend or to save or to invest and it be earning money for me and my family, versus it just sitting in Washington. Okay, comment below if you do something with money that people around you say, that's weird.